Alibaba to supply AI tech for Apple's iPhones in China: chairman

Group 1 - Alibaba's chairman announced that the company will supply AI technology to enhance Apple's iPhones in China, addressing Apple's recent decline in sales in the region [1][2] - The partnership between Alibaba and Apple has led to a significant increase in Alibaba's share price, which rose over nine percent in Hong Kong following the announcement [2][3] - Apple has seen a decrease in its market share in China, capturing only 15 percent last year, trailing behind local competitors Vivo and Huawei [4] Group 2 - The collaboration is partly driven by regulatory challenges that Apple faces in China, necessitating partnerships with local companies for AI development [2][3] - The Chinese government aims to establish the country as a global leader in AI by the end of the decade, with several domestic firms already making significant advancements in the sector [4]